$15bn NFL owner capitalizes on World Cup with new waterfront stadium amid Gillette relocation

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Gillette Stadium hosted seven games at the World Cup, but soccer will soon be a thing of the past in Foxborough.The New England Revolution, owned by Robert Kraft, have shared Gillette with his NFL team, the Patriots, for more than two decades. Gillette Stadium hosted plenty of soccer games at the 2026 World CupGettyBut big things are coming for the MLS club. The Revolution have reached an agreement on a brand new home, and confirmed in January that they will be leaving Foxborough for a waterfront arena in Everett.Revolution leaving Gillette Stadium for ‘vibrant’ new homeUnlike many cases where public money is poured into wealthy moguls’ pet projects, Massachusetts requires sports teams to pay for their own stadiums.Kraft — the 197th richest person in the world with a $15.2 billion fortune — can certainly afford it.The Kraft Group and Boston Mayor Michelle Wu announced an agreement on January 1 with $48 million spent on infrastructure improvements and other projects in areas that will be impacted by the new stadium.In Everett, the Kraft family have agreed to fund a $20 million waterfront park along the Mystic River, as well as keeping up maintenance.There will also be $17.5 million allocated for a new entrance at the Orange Line’s Assembly station in Somerville leading to a pedestrian bridge across the river.A $2.25 fee for using the new walkway will go into the City’s coffers, with officials valuing the plan at $90 million-plus over a 20-year period, per the Boston Globe.Mayor Wu released a statement insisting that she ‘fought for a fair deal for Boston and our residents, and that is what we have achieved through this agreement.’Negotiations went right the the wire with a December 31 deadline to reach a decision over the site of a shuttered power plant.The Revolution are yet to confirm final designs for their new stadiumRevolution SoccerThe plans include a bridge and park that will connect the stadium to public transportRevolution SoccerThe Revolution have never had their own home, and have played in Gillette since 2002Revolution SoccerKraft Group has spent years searching for a location to build a 25,000-seater soccer venue, which will also host concerts with a capacity of up to 35,000.They are now ready to transform the ‘long-neglected’ industrial site along the Mystic River into a ‘vibrant, publicly accessible waterfront destination’. How much will the Revolution stadium project cost?The Kraft Group’s expenditure could top $500 million and will regenerate an industrial area in need of an injection of cash.New England’s soccer team actually averaged attendances of around 29,000 last season, meaning the owners are spending that money to build a stadium that is arguably smaller than needed. However, Revolution president Brian Bilello told the Globe that the move will benefit them in the long run.“The biggest thing from a sort of big-picture perspective, is, frankly, the relevance in Greater Boston for Major League Soccer and for the Revolution,” he told the outlet in January.View Tweet: https://x.com/hashtag/NERevs?src=hash&ref_src=twsrc%5Etfw“I’m still seeing articles and stories as recently as this month talking about the four sports teams in Boston.“It’s understandable, but also still disappointing that with our attendance levels and how long we’ve been around, that we’re still somehow seen as a junior professional sports team to the other ones.”Did the World Cup boost interest in New England’s soccer project?While New York’s MetLife Stadium hosted the World Cup final back in July, Gillette was well received, and two knockout games unfolded on its field. Speaking once the tournament was wrapped, Bilello suggested that hundreds of thousands of soccer fans streaming in and out of town over the summer was nothing but positive news for the Revs and their project. Revolution ownership believes the World Cup was positive for their projectGetty“Maybe this gets people a little more excited about it,” he told the Globe.“I think people are really starting to understand the real joy that a soccer fan brings to an event.”While excitement is high, the new stadium is still some time away.The Kraft Group need to go through a Massachusetts Environmental Policy Act review, a process that started in the spring, and the old Mystic power plant needs to come down before construction can begin on the new stadium.Kraft and his group have hurdles to clear before building a new stadiumGetty“It’s about a three-year total process, from taking down the power plant, and then building the actual stadium,” Bilello explained.“From the day we get the OK, it’s about three years. Now, we’re just doing all the boring stuff we need to do. That’s all progressing really well.”